Why Is Crypto Up Today? Bitcoin Nears $96K as DASH Soars 48%

• Bitcoin surged above $96,000 on easing inflation data, triggering short liquidations and lifting overall crypto markets.
• Altcoins led gains as risk appetite returned, with Dash up 48% and total crypto market cap topping $3.25T.
• Rate-cut hopes, regulatory progress, and corporate Bitcoin buying boosted confidence despite mixed global markets.

Crypto markets rose on Wednesday as Bitcoin climbed above $96,000, reaching a two-month high. The rally followed easing U.S. inflation data, regulatory developments, and shifting global risk sentiment. Altcoins outperformed as traders covered short positions and returned to risk assets.

Bitcoin Breaks Higher as Shorts Get Squeezed

Bitcoin rose nearly 5% today, trading around $94,700 after briefly hitting $96,400, its highest price since November. Now, analysts say Bitcoin needs to stay above the $92,000–$94,000 range to kee…

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